The EFCC boss gave the charge in Ibadan, the Oyo state capital while presenting awards to outstanding staff of the Commission’s Ibadan zonal office.

Magu, who was represented by the Ibadan zonal head, Friday Ebelo, said the task ahead of the anti-graft agency requires more commitment and higher level of dedication from its staff.

According to him, “There are greater task and more work ahead. As you know, the reward for hard work is more work. “You need to be more hardworking and more dedicated in order to play your own quota in our collective goal to effectively deliver on our mandate to rid our country of economic and financial crimes”.

The zone held a get-together for its staff to round-off activities for the year. Some of the staff were presented with award of outstanding performance in recognition of their sterling contribution to the success of the zone in the year 2019.

The zonal head at a press conference held earlier in the week to kick-off a road-walk in commemoration of the International Anti-Corruption Day had put the figure of convictions secured in the zone within the last 12 months at 171.

He also disclosed that the zone was able to confiscate from fraudsters huge sums of money in local and foreign currencies to the Federal Government of Nigeria.

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Magu gave the charge at the Obafemi Awolowo University, Ile Ife on Friday, while delivering the keynote address at the 2019 Symposium of the National Association of Philosophy Students (NAPS), OAU branch.

The EFCC boss, who was represented by the Zonal Head of the Commission’s Ibadan zonal office, Friday Ebelo, admonished the students to take their studies seriously and always look inwards to discover and nurture their talents to maturity. He added that with diligence and persistence success was sure for them.

He cautioned them against joining the band wagon of the quest to ‘blow’ – the modern slang that depicts desperation for quick wealth, insisting that such mental state could push them into committing crimes which may in turn cut short their dreams.

“At the individual level, every youth must shun all temptation to be corrupt or be corrupted by any means. They must realise that the only way to success is hard work. The fast way only leads to destruction. GROW, don’t BLOW! An attempt to sacrifice steady growth on the alter of a ‘blowing success’ is an invitation to self-destruct,” he noted.

While lamenting the disturbing trend in the involvement of the Nigerian youths in internet-related crimes, Magu challenged them to re-direct their energy into positive activities that will benefit them and the Nigerian nation.

He said the EFCC is doing its best to ensure that the exceptional talents of the Nigerian youths are properly harnessed and put into appropriate use in the nation building efforts.

The EFCC team was earlier welcomed to the institution by the Vice Chancellor of the university, Prof. Eyitope Ogunbodede.

The professor of medicine lauded the efforts of the anti-graft agency in ridding the Nigerian society of economic and financial crimes.

He hunted that the university would at a latter date organise the students in a larger scale to provide an avenue through which the commission would better and more effectively deliver its anti-corruption message to members of the OAU community.

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In a statement published on the website of the anti-graft agency, Koudeih is a Lebanese, resident in Lagos, Eko Atlantic Pearl Tower.

The statement reads, “he has high net worth allies that include social media celebrity, Ismaila Mustapha popularly known as (Mompha), whom the Commission picked up on Friday, 18 October 2019 at the Nnamdi Azikiwe International Airport, Abuja, while he was on his way to Dubai, United Arab Emirate. Mompha’s arrest laid the path to that of Koudeih,”

EFCC unearthed further that Mompha camouflages as a bureau de change operator and has used his firm-Ismalob Global Investments Limited-to launder about N14 billion while Koudeih through his THK Services Limited and CHK properties Limited has laundered about N19 billion.

“Evidently, the two are kingpins in a criminal web of cybercriminals who through the three firms, laundered a jaw-dropping N33 billion.

“Before the arrest, EFCC added that both men had featured on its and United States’ Federal Bureau of Investigation (FBI) radar as a high valued target in Organised Cyber Syndicate Network (OCSN) and particularly as honchos in a trans-national network of cybercriminals.

“Worrisome is that Mompha was able to successfully operate 51 fraudulent bank accounts, through which the monies were laundered even with the enhanced account tracking and surveillance which the Bank Verification Number (BVN), introduced by the Central Bank of Nigerian in February 2014 provides,” the statement added.

Revealing how Koudeih was arrested in his house in Eko Atlantic Pearl Tower, the commission narrated, “Armed with precision Intel, additionally gathered by the EFCC, its operatives tracked him to his lair in Eko Atlantic Pearl Tower and placed the piece of the real estate, where he has his apartment on a lockdown.

“The lack of cooperation from the Lebanese as well as that from the owners and administrators of Eko Atlantic Pearl Tower left the EFCC with two options-beats a retreat or muscle through. It settled for the latter, reinforcing with men and breaching tools against the armoured door.

“The operatives relentlessly deployed the tools against the door, expending more than three gruelling hours before they overcame.”

Head Cybercrime, EFCC, describing the arrest said “It was very difficult to gain entry. It was almost like a standoff. We had to send for reinforcement of officers and breaching tools from the office. We had to breach the triple-reinforced fire-proof door before we could get in.”

In his reaction, the Acting Chairman of the EFCC, Mr  Ibrahim Magu, said Koudeih and Mompha’s arrests are landmark achievements for the Commission in its fight against cyber crimes and a red alert to potential fraudsters.

The post EFCC Reveals How Mompha, Lebanese Friend Were Arrested After Allegedly Laundering N33bn first appeared on MegaIcon Magazine.

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